This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.According to the graph shown, if the economy were operating under free trade and then imposed a tariff, the overall impact on surplus would be a net:

A. gain of IJKL.
B. loss of IJKL.
C. gain of FGHIJKL.
D. loss of IL.

Answer: D

Economics

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